Q425
In 2018, the cabinet of Punjab government has approved which of the following guidelines for industry?
A.
Exemption of electricity duty
B.
Exemption of property tax
C.
Reimbursement of VAT-SGST.
D.
All of the above
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
In 2018, the operational guidelines include schemes for exemption from payment of stamp duty or reimbursement thereof to the industrial units. The Cabinet of Punjab Government also approved detailed guidelines for grant of exemption from payment of electricity duty, property tax and approving another scheme for investment subsidy by way of reimbursement of VAT-SGST. Operational guidelines have been also finalised for providing fiscal incentives, interest subsidy to MSMEs.